Raymond James insider Form 4: 300-share gift by EVP Santelli

Rhea-AI Filing Summary

This Form 4 discloses insider activity by Jonathan N. Santelli, identified as Executive Vice President, General Counsel and Secretary of Raymond James Financial, Inc. (RJF). The filing reports a gift transaction dated 08/12/2025 in which 300 shares of RJF common stock were transferred (transaction code G). After the reported transaction, the reporting person beneficially owned 22,579 shares directly. The filing also shows 539 shares held indirectly in an ESOP account, with the explanatory note stating those ESOP shares are included through August 12, 2025. The form is signed by an attorney-in-fact on behalf of Mr. Santelli on 08/14/2025.

The document is a routine Section 16 disclosure showing a non-derivative transfer by gift and the continued beneficial ownership breakdown between direct holdings and an ESOP account. No option grants, exercises, sales, or derivative transactions are reported on this form.

Insights

Corporate Governance Expert

TL;DR: Insider reported a gift of 300 RJF shares; direct ownership is 22,579 shares and 539 shares are held indirectly via ESOP.

This Form 4 is a standard disclosure of a non-compensatory transfer (transaction code G). From a governance perspective, the filing demonstrates compliance with Section 16 reporting requirements and clarifies the reporter's split of direct versus indirect ownership. The inclusion of ESOP-held shares in the explanatory note provides transparency about retirement plan holdings. There is no indication in the filing of compensatory option activity or other transactions that would materially change outstanding insider ownership.

Securities Analyst

TL;DR: A modest insider gift was reported; this Form 4 does not show material change to insider stake.

Market-impact-wise, the entry documents a gift of 300 shares only, with the reporting person retaining 22,579 shares directly and 539 indirectly via an ESOP. The filing contains no derivatives, no purchases or sales for cash, and no new grants, so there is no immediate liquidity or dilution signal. The document chiefly serves to update public records of beneficial ownership.

Insider Trade Summary

300 shares gifted

Mixed 2 txns

Insider Santelli Jonathan N

Role EVP, Gen Counsel, Secy

Type	Security	Shares	Price	Value
Gift	Common Stock	300	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 22,579 shares (Direct); Common Stock — 539 shares (Indirect, ESOP)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Santelli Jonathan N

(Last) (First) (Middle)

880 CARILLON PARKWAY

(Street)

ST. PETERSBURG FL 33716

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RAYMOND JAMES FINANCIAL INC [ RJF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Gen Counsel, Secy

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/12/2025		G		300	D	$0.0000	22,579	D
Common Stock								539(1)	I	ESOP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through August 12, 2025.

Remarks:

This Form 4 reports the gift of shares by the reporting person. santellipoa.txt

	/s/ Jonathan N. Santelli by Jonathan J. Doyle as Attorney-in-Fact	08/14/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did the Form 4 filed for RJF report?

The filing reports a gift of 300 shares of Raymond James Financial, Inc. common stock on 08/12/2025 by Jonathan N. Santelli.

Who is the reporting person on the Form 4 for RJF?

The reporting person is Jonathan N. Santelli, listed as Executive Vice President, General Counsel and Secretary of RJF.

How many shares does the reporting person own after the transaction?

Following the reported transaction, the filing shows 22,579 shares beneficially owned directly and 539 shares held indirectly through an ESOP.

What is the transaction code and what does it indicate?

The transaction is coded G, which in this filing indicates a gift of shares.

When was the Form 4 signed and by whom?

The Form 4 was signed on behalf of Jonathan N. Santelli by an attorney-in-fact, Jonathan J. Doyle, on 08/14/2025.